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Find Reverse Mortgage Specialists Near You in St James, NY
Directory of reverse mortgage specialists in St James, New York. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
St James, NY
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the New York before hiring.
Showing 2 reverse mortgage specialists in St James, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
All Shores Mortgage
452 Lake Ave, St James, NY 11780
6316865200
Coast to Coast Commercial Capital, Inc
409 Lake Ave, St James, NY 11780
6315518002
A reverse mortgage specialist in St James, New York can help homeowners aged 62 and older convert home equity into tax-free funds. New York state law requires that borrowers receive independent counseling from a HUD-approved agency before applying. St James residents often use these loans to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in St James Cost?
Typical costs for a reverse mortgage in New York include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from 2,000 to 6,000 dollars. These costs can be financed into the loan. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What qualifications should a reverse mortgage specialist in St James have?
A qualified specialist should be licensed in New York and have experience with HECM loans. They must follow New York Banking Law regulations. Look for professionals who are members of the National Reverse Mortgage Lenders Association.
Is counseling required for a reverse mortgage in New York?
Yes, New York state law mandates that all borrowers receive independent counseling from a HUD-approved agency before submitting a loan application. This counseling ensures you understand the terms and obligations of the reverse mortgage.
How long does the reverse mortgage process take in St James?
The process typically takes 30 to 45 days from application to closing. This timeline includes the mandatory counseling session and property appraisal. Delays can occur if additional documentation is needed.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the New York.